Brinker Capital Global Investment Strategist, Tim Holland, CFA, asks and answers those questions we think will be top of mind for clients as they open their quarterly statements and think back on the quarter that was:
- Why did US equities correct so sharply in 4Q2018?
- Why was the market so volatile in 4Q2018?
- Is the bull market over?
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.
How might 2019 shape up across the investment landscape? Here’s our countdown for the top five key issues to pay attention to. Move over 2018 2018 was action packed and volatile with global equity markets, geopolitics and populism dominating the year. The result was that almost all asset classes, with the exceptions of
Employers With 1-49 Employees Exempt From Paid Sick Leave Requirement
The Michigan state legislature has announced that the state's paid sick leave law will become effective on March 29, 2019. Beginning on that date, Michigan employers with 50 or more employees will generally be required to provide paid sick leave to many full-time employees. Highlights of the law are presented below.
Which Employees are Eligible for Paid Sick Leave?
Generally all private sector employees who work 25 or more hours per week except:
- Administrative, executive, professional, computer, or outside sales employees exempt from overtime pay under federal law;
- Seasonal employees; and
- Variable hour employees.
How Much Paid Sick Leave May an Employee Use?
Up to 40 hours per year.
How Does an Employee Accrue Paid Sick Leave?
Employees generally accrue 1 hour of paid sick leave for every 35 hours worked. Up to 40 hours of paid sick leave can be carried over from year to year.
When Can Employees Begin Accruing and Using Paid Sick Leave?
Beginning March 29, 2019, or upon commencement of employment, whichever is later. An employee generally may use paid sick leave as it is accrued, but newly hired employees may be required to wait 90 days.
Which Life Events Qualify for Paid Sick Leave?
- Mental or physical illness or injury of an employee or his or family member; or
- If the employee or his or her family member is a victim of domestic violence or sexual assault.
Additional requirements and exceptions to the information above may apply, including notice and recordkeeping requirements. Click here to read the law.© 2019 HR 360, Inc.
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